American Society of Employers (ASE) releases 2018 Starting Salaries for Co-op Students and Recent College Graduates Survey

The American Society of Employers (ASE), one of the nation’s oldest and largest employer associations, released the organization’s 2018 Starting Salaries for Co-op Students and Recent College Graduates Survey today. The annual survey provides a comprehensive look at the current state of wages and benefits provided to co-op students and recent college graduates. The survey also presents employers a snapshot of the recruitment and retention trends associated with these new entrants to the workforce.

Mary E. Corrado, ASE President and CEO, stated, “Today’s employers must be able to attract these newest entrants to the workforce with competitive wages. They also must be prepared to help them adapt to the work environment and set clear career goals in order to retain these younger workers.”

164 companies responded to the 2018 Starting Salaries for Co-op Students and Recent College Graduates Survey. The average number of employees per participant was 827. 80% of respondents are located in the metro Detroit region with 49% of those classified as automotive suppliers.

2018 Starting Salaries for Co-op Students and Recent College Graduates Survey Highlights:
• Nearly three out of four (73%) respondents say their company has hired, or plans to hire, a recent college graduate in 2018, similar to what was reported in 2017.
o While the percentage of companies hiring a recent college graduate is similar to last year, less organizations are increasing their efforts to do so.

o 23% of the companies have increased their hiring efforts this year compared to last year, a decrease of 9% from 2017.

o Even though fewer companies are increasing their hiring efforts, the number of companies who decreased their efforts remains at 3%, and we instead saw an 8% increase in those whose efforts remained the same.

• Statistically, the top five in-state institutions the responding companies actively recruit from are: 1) Michigan State University; 2) University of Michigan; 3) Wayne State University; 4) Oakland University; 5) Michigan Technological University.

• Based on hiring activity, the top three most popular technical Bachelor-degree disciplines hired in the past year were: 1) Mechanical Engineering; 2) Electrical Engineering; 3) Computer Science
o The overall hiring of graduates with a Computer Science degree increased by 12% from last year.

• Based on hiring activity, the top three most popular non-technical Bachelor-degree disciplines hired in the past year were: 1) Business Administration; 2) Accounting; 3) tied between Finance and HR/Labor Relations
o The hiring of graduates with an HR/Labor Relations degree for companies with 1 to 100 employees went from 0% in 2017 to 14% this year.
• The top three knowledge/skill factors organizations consider when making hiring decisions, in order, are: 1) related coursework; 2) computer skills; 3) degree level.

• The top three perceived shortcomings of recent college graduates are: 1) adaptation to work environment (57%); 2) career expectations (56%); 3) compensation expectations (49%).

• Of the seven disciplines named above (Business Administration, Accounting, Finance, HR/Labor Relations, Mechanical Engineering, Electrical Engineering, and Computer Science) the highest starting salaries went to the engineering disciplines. The average starting salary for Mechanical Engineering was $65,160; and for Electrical Engineering the average was $58,865. Finance came in at $52,686; Computer Science came in at $52,513; Accounting came in at $51,733; Business Administration came in at $50,965; and HR/Labor Relations came in at $49,809.

• Pay rates for high school and college co-ops and interns were separated by technical and non-technical roles; the average hourly rate for a college senior in a technical field is $17.66 and $15.47 for a non-technical field; the average hourly rate for a college junior in a technical field is $16.46 and $14.70 for a non-technical field.

To obtain a copy of the 2018 Starting Salaries for Co-op Students and Recent College Graduates Survey, contact Kevin Marrs, Vice President at ASE, 248-223-8025 or kmarrs@aseonline.org.


About the American Society of Employers (ASE) – a Centennial Organization
Celebrating its 115th year of service, The American Society of Employers (ASE) is a not-for-profit trade association providing people-management information and services to Michigan employers. Since 1902, member organizations have relied on ASE to be their single, cost-effective source for information and support, helping to grow their bottom line by enhancing the effectiveness of their people. Learn more about ASE at www.aseonline.org.

American Society of Employers (ASE) releases 2016 Starting Salaries for Co-op Students and Recent College Graduates

The American Society of Employers (ASE), one of the nation’s oldest and largest employer associations, today released the organization’s 2016 Starting Salaries for Co-op Students and Recent College Graduates survey. The annual survey provides a comprehensive look at current workforce conditions and reveals what co-op students and recent college graduates can expect in terms of job availability and compensation. Mary E. Corrado, president and CEO of ASE, says the 2016 survey reveals strong interest by employers to invest in students, as well as a high demand for graduates with technical and business-related degrees.

“In addition to providing updated salary information, this year’s survey reflects that the investment by Detroit area employers in co-op and internship programs remains strong,” Corrado said. “It also affirms the financial rewards available to new graduates with degrees in key engineering and business fields.”

170 companies responded to the 2016 Starting Salaries for Co-op Students and Recent College Graduates survey, which was distributed to 2200 employers in an online format in February. 75% of respondents are located in the metro Detroit region with an average of 590 employees (median employee count of 164); 48% are classified as automotive suppliers.

2016 Starting Salaries for Co-op Students and Recent College Graduates Survey Highlights:
• The “Labor Market” (62%) and “Performance of the Company” (50%) continue to be the two largest reasons for a change in hiring and recruiting practices for recent college graduates.
• There was a 5% overall increase from 2015 in organizations providing benefits to co-op students. Auto suppliers providing benefits to co-ops increased 9%.
• For college co-ops, the following benefits were provided at least 10% more often than in 2015: medical coverage, prescription drug coverage and dental coverage.
• There was a 10% increase in service industry companies who have hired recent college graduates in the past year, or plan to in 2016.
• Hiring of MBA students has increased since 2015. Hiring of MBA students with a technical undergraduate degree increased 12%; for MBA students with a non-technical B.A., the hiring increased 14%.

Hiring Trends:
• Nearly four out of five (79%) respondents say their company has hired, or plans to hire, a recent college graduate in 2016.
o Three out of five (60%) of those companies say hiring practices have remained the same in 2016 as 2015.
o Nearly two out of five (38%) of the companies who have hired or plan to hire a recent graduate in 2016 have increased their hiring efforts this year.
• Statistically, the top five in-state institutions the responding companies actively recruit from are: 1) University of Michigan; 2) Michigan State University; 3) Oakland University; 4) Wayne State University; 5) Kettering University.
• The top three most popular technical Bachelor-degree disciplines hired in the past year were: 1) Mechanical Engineering; 2) Electrical Engineering; 3) Computer Science.
• The top three most popular non-technical Bachelor-degree disciplines hired in the past year were: 1) Business Administration; 2) Accounting; 3) Human Resources/Labor Relations.
• Automotive suppliers have decreased their hiring of Bachelor-level mechanical engineers, resulting in a 16% decrease in hiring among automotive suppliers compared to a year ago.

Candidate and Salary Trends:
• The top three knowledge/skill factors organizations consider when making hiring decisions, in order, are: 1) computer skills; 2) related coursework (i.e., to the work required in the job); 3) work experience/internships.
• As in 2015, the top three perceived shortcomings of recent college graduates are: 1) adaptability to the work environment (58%); 2) career expectations (55%); 3) compensation expectations (46%).
• Fewer companies are paying a premium for graduates from specific schools. Overall the percentage dropped from 6% in 2015 to 3% this year. But in Non-Auto Supplier organizations, the percentage dropped from 14% to 0%.
• However, more organizations are instead paying premiums for graduates with certain qualifications. 15% more service organizations, 18% more organizations with under 100 employees and 9% more Non-Auto Suppliers reported paying these premiums than what was reported in 2015. The overall increase was 5%.
• Of the six disciplines previously named (Mechanical Engineering, Electrical Engineering, Computer Science, Business Administration, Accounting and Human Resources/Labor Relations), the highest starting salaries went to the engineering disciplines. The average starting salary for Mechanical Engineering was $60,574 and $59,096 for Electrical Engineering. Computer Science came in on average at $57,115; Accounting at $49,918; Business Administration at $48,483; and Human Resources/Labor Relations at $49,485.
• Pay rates for college co-ops and interns were separated by technical and non-technical roles; the average hourly rate for a college senior in a technical field is $17.36 an hour and $15.40 for a non-technical field; the average hourly rate for a college junior in a technical field is $16.09 an hour and $14.59 for a non-technical field.

To obtain a copy of the 2016 Starting Salaries for Co-op Students and Recent College Graduates survey, contact Kevin Marrs, Vice President at ASE, 248-223-8025 or kmarrs@aseonline.org.

About the American Society of Employers (ASE) – a Centennial Organization
The American Society of Employers (ASE) is a not-for-profit trade association providing people-management information and services to Michigan employers. Since 1902, member organizations have relied on ASE to be their single, cost-effective source for information and support, helping to grow their bottom line by enhancing the effectiveness of their people. Learn more about ASE at www.aseonline.org.

American Society of Employers (ASE) releases Starting Salaries for Co-op Students and Recent College Graduates survey

Results show demand for technical degrees, need for students to be adaptable

Livonia, Mich. —May 4, 2015 — Today, the American Society of Employers (ASE), one of the nation’s oldest and largest employer associations, released the organization’s Starting Salaries for Co-op Students and Recent College Graduates survey. The annual survey provides a snapshot in time of current workforce conditions and what co-op students and recent college graduates can expect in terms of job availability and compensation. Mary E. Corrado, president and CEO of ASE, says the 2015 survey reveals a high demand for graduates with technical degrees and the ability to adapt behaviorally to different work environments.

“The economy is cyclical and unpredictable, and the hottest job today may not exist four to six years from now,” Corrado said. “However, this annual survey confirms that organizations are continuing to invest in co-ops and interns, jobs will again be available for students with technical degrees and, regardless of industry, students need to make sure they can adapt to different work environments.”

A total of 168 companies, 80% of them located in the metro Detroit region with an average of 760 employees, and more than half classified as automotive suppliers, responded to the 2015 Starting Salaries for Co-op Students and Recent College Graduates survey. Survey highlights include:

Hiring Trends:
• Three out of four (74%) respondents say their company has hired, or plans to hire, a recent college graduate in 2015
– More than half (56%) of those companies say hiring practices have remained the same in 2015 as 2014
– 40% of the companies who have hired or plan to hire a recent graduate in 2015 have increased their hiring efforts this year
• Statistically, the top six in-state institutions the responding companies actively recruit from are: 1) University of Michigan; 2) Michigan State University ; 3) Kettering University; 4) Oakland University ; 5) Michigan Technological University and Wayne State University (tied)
• The top three most popular technical bachelor-degree disciplines hired in the past year were: 1) mechanical engineering; 2) electrical engineering; 3) computer science
• The top three most popular non-technical bachelor-degree disciplines hired in the past year were: 1) business administration; 2) accounting; 3) human resources/labor relations
• Automotive suppliers have increased hiring of bachelor-level mechanical engineers, resulting in a 16% increase in hiring among automotive suppliers compared to a year ago

Candidate and Salary Trends:
• The top three knowledge/skill factors organizations consider when making hiring decisions, in order, are: 1) computer skills; 2) related coursework (i.e., to the work required in the job); 3) work experience/internships
• The top three shortcomings of recent college graduates are: 1) adaptability to the work environment (63%); 2) career expectations (60%); 3) compensation expectations (51%)
• Only 6% of survey respondents would pay a premium if a graduate was from a specific school. However, when a company is willing to pay a premium, the majority will do so for University of Michigan graduates
• Of the six disciplines named above (mechanical engineering, electrical engineering, computer science, business administration, accounting and human resources/labor relations), the highest starting salaries went to the engineering disciplines. Depending on the specific specialty, the starting engineering salaries ranged from $57,000 to $63,467; computer science came in on average at $54,495; finance at $51,038; accounting at $48,493; business administration at $46,099; and human resources at $45,488.
• Pay rates for high school and college co-ops and interns were separated by technical and non-technical roles; the average hourly rate for a college senior in a technical field is $17.23 an hour and $15.10 for a non-technical field; the average hourly rate for a college junior in a technical field is $16.02 an hour and $14. 20 for a non-technical field.

To obtain a copy of the Starting Salaries for Co-op Students and Recent College Graduates survey, contact Kevin Marrs, Vice President at ASE, 248-223-8019 or kmarrs@aseonline.org.

About the American Society of Employers (ASE) – a Centennial Organization
The American Society of Employers (ASE) is a not-for-profit trade association providing people-management information and services to Michigan employers. Since 1902, member organizations have relied on ASE to be their single, cost-effective source for information and support, helping to grow their bottom line by enhancing the effectiveness of their people. Learn more about ASE at www.aseonline.org.

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